Page
THE CHINA MAIL MONDAY, NOVEMBER 19, 1951.
MESSAGERIES MARITIMES INVESTORS NOT HAPPY MM Absence Of Firm Action On Inflation
Arriving Leaving
"FELLY ROUSSEL" bec. 4 Dec. 7
"BIR HAKEIM“
"MONKAY"
**FELIX ROUSSEL"
↑"BASTIA"
ider. 12 Рес 18
4
Dec 3
G
Dec.
ま
Dec
20 ber, 27
passengers & freight
Untwerd For
Marselles
Japan
Homeward For
N. Africa & Eurupo Manila, Balpon &
Marcilles
N. Africa & Europe
t freight for Saigon, Port Said, Tunis, Algiers, Oran, Tangier, Casablanca, Havre, Dunkirk, Antwerp &
Rotterdam.
Subject To Change Without Notre
CIE DES MESSAGERIES MARITIMES P.O. Box 53, Hongkong
Queen's Building (gr. floor) Tel. 26651 (3 lines).
PENINSULAR
& ORIENTAL
JULS NOV SEPARABIT
STEAM NAVIGATION COMPANY
R.M.S. "CARTHAGE"
SAILS:
NOTICE TO PASSENGERS
BAGGAGE:
SPECIAL NOTE:
EMBARKATION:
THURSDAY the 22nd November at 12.00 noon for the UNITED KING. DOM via Straits, Colombo, Bombay, Agen and Port Said.
ALL passengers baggage must be seut to the Hongkong & Kowloon Wharf Co's Godown at No. 2 GATE. CANTON ROAD ENTRANCE BY NOON on WEDNESDAY the 21st November.
With the exception of hand packages carried by passengers themselves. ALL BAGGAGE must pass through the Wharf Cols Godown For leading
on board by ship's slings only.
Will take place on Thursday the 22nd November between 9.30 a.m. und 11.00 a.m
PATTISON ORIENT LINE
LIMITED
BS. LAURE PATTISON"
Duc Fram:
Kobe
Ju Poet
Sails For:
DIRECT Pusan &
23rd Japan, Nov.
12-14 Queen's Road C.
Chinese Agents:
Tel: 25346
OVERSEA CHINESE STEAMSHIP CO., LTD. 48 Bonham Strand W. Tels: 25646, 26127 & 31119
Trade Pact New Fibres
Extension Expected To
Nov. 18.
The Netherlands $2.300.000- Affect Wool
a-year
trade agreement with Japan will be extended after the Japanese Peace Treaty be- comes effective, trade sources Bay.
The present agreement was signed
April 19 by the Netherlands and Gen. Matthew
on
Oil Company Expansion
Of Production
London, Nov. 17.
Dissatisfaction With Tory Measures To
Fight Crisis
(FROM OUR OWN CORRESPONDENT
London, Nov. 18.
Ten days after the announcement of Mr Butler's programme før precise indication of the Expansion of the produc- eliminating the trade deficit there is still no
possible efficacy of the proposed measures. capacity
tion and refinery
of the Anglo-Iranian Oil
The stock markets-usually the first to produce a reliable assess- outside Company
Even the Persia ment of economic prospects-have remained dull and uneasy. WHS detailed 1:1 £1 state banks, to whom many people are looking for a lead, seem bewildered. ment issued by the com- pany last night
Gilt-edged prices have moved erratically and
The statement Sard their no definite trend has emerged. On balance, how-
biggest source is Kuwait where
they have an equal share wit'. ever, prices have declined and this has been due HONGKONG
the American Gulf O Cor-
the 40,000.000 tons a year mark
tons.
I
mainly to selling of gilt-edged securities without '
are 120
than
poration in a feki approaching
the offset of a comparable amount of buying. This
more than Persin
Institutional investors added used to produce, it was
-a bigger percentage than any ded. The company holds 23 per these circumstances, in no tur:, other area of the world, includ-
ing the
of whole
Western cent of the shares of the Iray to support the market Petroleum Company's exploita 5 મ result, the Financial Europe. 1lor:
Iraq and of the
Gatar Times" index
On the import side, the Com- of gdi-edgea felds
whitt have
a joint securky
1998; monwealth share of world trade prices fell production
of 10,000,000 new “Now Fridas compared was also 30 per cent-only two
with 100.85 on the
cent less day of Mr. per
Europe which was and 102 21 ar The Nottinghamshire ollfields Butler's speech,
tmporting area yield about 45.000 tons a year plection day
Colonial counted for much of this trade. Rubber fetched mine times much as
in 1938--much of it in dollars and other colonial pro- ducts. Including tin, cocoa, sugar, copper and stai, all showed large improvements in earnings over the pre-war year
.
The effects remory expansion are
the statement being 1, TINUAM!
SHARE MARKET
(From Our Correspondent)
Business done Exchange this
In
Date
Port
J Port
20th
20th Nov. NOT.
1st Dec. 2nd Doc. 7th Dec.
19th Nov.
19th Nov.
22nd Nov,
22nd Nov.
Sea Doo
6th Dec,
9th Dec.
DAL
Ship
"TEGELBERG” "TITWANG""" *TIMODÁS" "STRAAT
ABRIVALS
MALAKRA" "VAN HEUTAZ" **TJITJALENGKA" "TEGELBERG"
"TEGELBERG” "TITWANGTMTMTM **TIBODAS"! "STRAAT
MALAKKA"
JAPAN
From
Page
MAPILI, Java Parts & Stagapare
Dakarta & Singapore
JADE JADEN
MACASA, Java Porte storpora Japan.
BAILINGS
"VAN HEUTS2'
TJITJALENGKA" : "TEGELBERG”
Japan. Porta
TO
Stakapota, Javs Porta & MACERIAS Java Porte & Matapar
Masla, Singapore, E. & 9. Africa
& 8. Americ
Singapore, Padang & Balawan Dall' Singapore, Java Parts & MacASIAT Singapore, Afrim ́à 8. America
General Agents: HOLLAND EAST ASIA LINE
Date
In Port Iith bae. 13th Deo. 6th 7th.
was
22ud Nov. 12th Dec. 19th Dec. 7th Jan,
Western
on the Stock morning the biggest
valued at $403,375,50. Noon quotations and the morning's transactions:--
commodaties
ՈՐ
SHARES DUYERS SELLERS SALES BANKS
Southsh shale onl adis Industrial share prices haY 110,000 tons
aturally been influenced by this accelerated weakness
the gilt-edged already ! market The index for these
con-crbned further to 128.3 04 The completed plan Friday compared with 1314 se world anditribute 10,000,000 tons tags previoitsiy
INSURANCES This is a fall of no less than. the 10
10 points since election day
Community shares have faret
year
the total petroleum
reinerd
a you productions United Kingdom.
Plant maiteation at Llandar- 1101 bet er, and the opinion ha South Wales, has already;isen expressed that the rise i been boosted throughout from this section over the past year on in 4,000,000 to the expectation of higher pro- 3,000,000 em
will Ture
bey fits has passed its peak. X:Cal
of next
the rud equaled by year by the Isle of Grain r finery in Kent, new
Will:
ated empacity
Sex tish Pumphe:ston
MARKET WORRIED
budit. ot
The behaviou of the sock, markets indicates that investors
and
EUROPEAN TRADE
Colonial trade with the rest of the Commonwealth (including Canada) was almost balanced— exports being valued 5+1 £ 507 million und imports at € 499 million
Colonial countries were worth £1,178 | million compared with unports valued at £1,037 million.
exports
10
Exleat of the deterioration in i
Sterling Commonwealth's
Б
HK Bank
East Asia
1600
2D 1800
ID @ 1000
20
Union ... 7772 UnderwriterA HK he
DOCKS, ETC K Wharf N. P Wharf Provident
Wheelock
LAND. ETC
HK Hotel HK Land Humphrey'
UTILITIES
Tram
Star Perry
140
300 100
000
13.40 13% 500 15.60
6000 2 1935
900
38
e 1000 a $.80
6.80
51 60 415 51
R
16.70
17 2006.30 192
( Light (0) 9 9.5 200 @ 9.15 40 @ 9.TO 3200 @ 6
1th (B) 8.45 9.00 2000 8.45
1000 & 9.50
of £85 of nearly
300 9.45
2000 à 9.50
Electric
222%
29 300 200%
1000 ₫ 22.85
1 B0U (0) TLIN Grangemouta, are by no means happy about the Scotland. Dctually producing future ir
with Mr Butler's pro- 12.250.000 1427 anttually The
posals for meeting it ball-way other
refinery at The
the absence of firm dislo- handles 180.000 Flatenary action is worrying the trade with Western Europe over Light (N) C 1 as of shaly tol and Notting-gilt-edged market while shortages: the past few weeks, which hamshire Prude oil. Its shipping
steel.
in a deficit ment, resulted organisation, the British Tanker only two possible bottlenecks a million and the loss Company, has 15 ships in ser production--are responsible for £13 million of gold in October. vice and another 27 are being the uneasmess in the Industria. can be gathered from the fact bull or on order. Reuter.
of the market.
that in 1950 he Sterling Com- Section
There seems
to be a generatorwealth countries earned inclination to postpone decisions. turplus er over £240 mlion in Nobody-least of all the City-their irade with O E. E. C.
L
is under the impression that the countries. Chancellor has spoken his last The colonies' share of this
UK Yards
: word.
Building For Norway
trade was valued at £130 million
પ
Mr Churchill has stressed the on the export side and 260 need
for more time "for the re-million on the import side-a medies we propose, and will surplus of $76 million,
1200 @ 23
Electre (8) 2013 2 102 @ 2% Telephone terbaca da INDUSTRIALS
Cement
18% 13.80 1800 @ 16.30 800 18.40 STORES, ETC
Dairy
18% 16% 200 ₫ 161⁄2 Wing On
(ILK). 56%
20 @ 682%
propose, to produce their curativ The importance of the colonial Rubber Futures
ellects.
trade can scarcely be underrated. Nobody is disposed to quarrelt was responsible for earning with this statement but neither is anybody prepared to gamble on the result.
THE ANSWER
First indication of a definite policy for correcting the adverse
Areu-may
$471 million
from
five com- modities alone last year or total the nearly one-third of
Sterling Commonwealth dollar earnings from main visible ex- ports.
In S'pore
Singapore, Nov. 17. Prices of rubber futures closed today as follows- Number 1 Bubber, per ib.
November
December
Number 2 rubber,
January (3952)
November
London, Nov. 18
of One-sixth
the shipping tennage 011 order at British shipyards is for Norwegian e- unit, shipping experts in Lon-
This was admittedly due in don estimate.
British shipbuilders have balance of payments-no!
measure to the abnormally only high level of prices for colonial orders
(in hand for 6,000,000 that of the U. K. but also that of
raw materials towards the end At the present the whole Sterling tons of vessels rate of building, this is equal Lnot come until after the meeting proof that
ay of last year bin it is positive the Commonwealth about five years work.
of Commonwealth Finance still has About 4,000,000 tons of these Ministers next January
a vast pool of latent
Spot rubber, unhaled power on which to draw. orders are for British ship meeting is expected to result in It is the knowledge that the No. 1 pale crepe
Black chope owners, almost 1.000.000 tons for an agreement to restrict imports co-operation Norway, and the remainder for into all Sterling Area countries, wealth partners will be willingly
of our Common- | A wide variety of foreign especially from Western Europe. forthcoming to buttress the
Australia must be one of the "oherent strength of our
buyers.
At this rate,
This
own
Number 3 rubber.
November
uber rubber,
November
ARRIVALS
Ship
Frumk
"KIELDRECHT" Bujoge & Gingapore "KIELDRÉCET"
"AAGTERSBE? "AAGTEKERE"
"FIELDRECHT" "KIELDRECHT- “AAGTEKERK” “AAGTEKERK”
FRIODA & SIRIADOTU
BAILINGS
TO
Janan via Manila MARGIN, SIR Capore, & mizopo Japan vin BLARES
MEINMA,“ Singapore a BureDD
MAERSK LINE
FAST FORTNIGHTŁY SERVICE TO:
NEW YORK. BOSTON, BALTIMORE & PHILADELPHIA, via
SAN FRANCISCO, LOS ANGELES AND PÄNAMA.
NEXT SAILINGS
M.S. "SALLY MAERSK"
M.S.
"LEXA MAERSK” M.S. "ANNA MAERSK"
M.S.
ARRIVALS FROM U.S.A.
"ANNA MAERSK” M.S. "LEISE MAERSK"
M.S. "GRETE MAERSK”
In Port Nov. 80
Dec. 18
In Port
Nov. 80
Dec. 20
For Freight and Further Particulars please apply to:-
AGENTS:
JEBSEN & CO.
14311⁄2-444
Pedder Building
14215-143
158-13815
13316-184
12832-129 1437%-100%
1054-100%
150-15
Undted Press.
British yards first to reduce her imports from economy" that is the one bright Japan's Textile
spot
are handling bigger Norwegian Europe, and the decision to this
yards in Norway effect may even come before the horizon. orters than itself which, according to latest elvires from Oslo, are building
750,000 tons
ships.
British
shipbuilders
Commonwealth Ministers meet,
Increased Commonwealth im-
જ્ઞ The w ports from Europe, which have
on an otherwise
gloomy
now resulted in a large Sterling Courtaulds' New claim Area deficit with the European
that or prices are still as low antial
as
ny
1/2
the world.
many orders
bul
Union involving
Company
New York. Nov. 18.
Ltd., the
Courtaulde,
formed
Comeback
New York, Nov. 18.
K. Fukumi, an official of Toyo Spinning Co., Ltd., of Japan, sald here that Japanese textiles are staging a comeback. He predicted that Japan will hage big 6,000,000 cotton spindles some-
toss of gold. ure because of the five-year leg in largely the result of the United deliveries
ere Kingdom's fallure through being diverted to German and rearmanient and home inflation British rayan and textile firm, time next year. Japanese yards.
to expori the goods the Common-has But British shipburiding costs
company i wealth needs.
Mr Fukuuni has been visiting are rising as a result of the
Canada to make transparent textile mills in various parts of Answer to the problem must,
cellulose film shortage of steel and the keli-:
other And
the United States-Associated hood of further wage demands therefore, be sought not only in packaging materials. The new Press.
a restriction of imports which company workers, shipyard
constrating a yards which signed contracts at and invites retaliation from the which will begin operating in at merely increases home inflation plant nt Cornwall, Ontario xed prices some years ago
now stand to lose heavily but also in the expansion of the be hard on cotton and rayon, an
exporting countries concerned 1959.
The plan will have a capacity United Kingdom's exports, com- for about
7,000,000 pounds of bined with a determined attack packaging materials arupally. on Inflation.
Associated Press.
New York, Nov, 18. The initial impact of the newer synthetic abres will not
industry official said. But it may be more severe on wool.
G. K.
lake, Director of B. Ridgway's occupation head Research for Pepperell Manu- quarters It is due to expire facturing Co., to an industry when the Peace Treaty is rati- meeting
be several it might fied. It will be continued until years before orion, ducron, dynel a new one can be concluded.
acrlekn present a serious Latters continuing the present challenge to cotton and rayon agreement will be exchanged "However, the woollen between
Ambassador P. E
Industry must watch tham Toppenia, head of the Nether-selves. Mr Lake rald "Their lande Mission
to Japan, and volume is not of the order of Vice-Foreign Minister Iputhi
cofton or rayon so that they may fall they cannot absorb this impact."
Sadeo
General Ridgway's beadquar ters plans to transfer the Dutch- Japanese open account funds Total production of all man- now under ita contral to the made fibres in the United States Japanse Government. Asso-last year was placed at nearly
ciated Press.
Steel Capacity
kn
1,500,000,000 pounds by industry ofcini. Sales totalled about $1,122,000,000. Further increases were expected this year, with the newer synthetics accounting for aboist: 300;000,000
undo-soclated Flute,
Don
by
the time the ships delivered. United Press.
and
are
Food Index In among the
America
New York, Nov, 18. U.S. wholesale food prices,
Remedies of this nature may be next batch of measures the Chancellor will } . propose.
is
ITALY DOUBLES CAR EXPORTS
-Home, Nov. 18, Italy's automobile exports -in the first nine months of 1951 almost doubled last year's figures. There were 28,908 Italian curc
EMPIRE'S STRENGTH
Meanwhile the report on Com- as measured by the Dun and monwealth trade in 1950 Bradstreet index, turned up-published yesterday ward this week for the first time Commonwealth Economic Com- and trucks sent abroad, compared mitice underlines the extent of with 14,007, in the same period in six weeks.
by the
At $0.07 the index compared the recent deterioration and the previous year. The exports with $0.04 last week (low for gives point to the concluding equalled 20.8 per cent of the total 1051 to date), and with $0.58 a remarks of The Chancellor's production of nutsmobiles, which year ago.-Associated Press.
EXPORT QUOTAS
UNLIKELY
Exchange
Rates
...
Bustpost was done In the local Unofficial exchange market thin *anorming at the Zillowing rater:
US Dollars (per 81)
0.036
Sterling note (per £1)
10.02
Indonesia guilders (per 100)
3.30
Siam tivals (per 100)
28.00
Singapore (Struits)
1.81
03.070
PIC plastres (per 100)
Tel: Nos, 88066-9.
PATTISON ORIENT LINE
* "EMPIRE GLENCOE"
LIMITED
Due from:
Yokohama Nov. 1
Sails for
Singapore, Penang, Colombo, Bombay--- Aden, United King- dom; ako calling Genoa, Marseilles and Casablafica it sufficient induce- ment, Nov. 22nd
For Freight & Passenger Accommodation, please apply to: PATTISON ORIENT LINE LIMITED 12-14 Queen's Road, C., 4th Floor, Tel. 25846
Chinese Agents:
OVERSEA CHINESE STEAMSHIP CO., 48 Bonham Strand, West
Tel. 26646, 28127 & 81119.
Pacific Far East Line, Inc.
Fast Regular Trans-Pacific Service®
DIRECT
BAN FRANCISCO, LOH ANGELEB
BEAN OVERLAND - NEW-YORK-CHICAUI-DETROIT TORONTO MONTREAL AND ALL AMERICANA, GANADIAN OFTARA
Guam, Marthin Islands, Micron osjan. Kalatida --- Kedular Service Kirsch, or with ja highlýmenik,
Vényl
speech
renched the all-time high Agure "The figures of
our of 115,236 vehicles.--Asociated deficits in our conomy are large, Mr Butler Press. said, "but look at our resources. the wide range and Look at
RETAIL TRADE strength of our Commonwealth Washington, Nov. 18. of Nations. Think of the laten STIMULATED The US Governmbut is not power of this great con
New York, Nov. 18. expected to re-impose expert féderacy.look at the inherent
US, refell trade. stimulated Business Failures
quotas on cotion unless there le strength of our own economy by good weather and many r a wave of scare buying, an off- The wide range and swength duced price promotions, reached LUCKENBACIE? seppeles New York, Nov. 10.
cial
said.
of Commonwealth resources is the highest dollar volume of However, other experts con apparent on every page of the the read last week; ood tors
Incressed" to 150 in the week | sidered export, Wimilla ilkely, since G. E. C. report,
Bradstreni reported, 2) This is an
an increase of ung-chied November & from 143 the crop tras mir" Commonwealth (nelada Volume for the week throu temƒl b potut over last week previous week, Dun, and. Bred-
Fulledaly more thah Canadian) expor a accounted for Wednesday was cutimated, to be
New York, Nov. 10. The American Iron and Steel Tnstitute reported that the nà- tion's steel industry, expected to operate this week at 1011 per cent of rated capacity or 2,021,- Business failures in the U.S.
mübe
BITRADE WIND".
"ALABKA BEAR"
tom of 107.1 per cent, Ino, reported in the 0,000,000 best of 300, pounde tu par cent of the food value of from two to a webove cent in the comparable Week auke week a year ago, there with contriola for 9,000.00h 21-world exporta (excluding Russia the record léval of a year ago.
akr ago ---Associated Press. woce £16>=<Associated Press. ready made-Associated Press. and olier Communist countries) Asociated Prem
Wom
San Pramolecu
San FrancinOU'
Birala
Tesneled & Los Angeles.
Dec, 24
For full particulars en United Blafes Lines Co., General Arımla. Queen's malding, Tol, Sixhe.